AI-driven insurtech company General Magic secures seed funding

General Magic, an AI-powered insurtech company, has raised $7.2m in seed financing, led by Radical Ventures. The round also saw participation from a16z Speedrun, Brendan O'Driscoll, vice-president of product at Figma and Larry James Erwin from OpenAI. With this investment, the company’s total funding now stands at $8.4m. In addition to Radical Ventures and a16z Speedrun, investors in General Magic include Comma Capital; Aidan Gomez, CEO of Cohere; and Kevin Wang and Spencer Burke of Braze’s executive t ...